Launched ComicConBox, a premium monthly subscription box service that
delivers Comic Con merchandise directly to fans and enthusiasts. Every
month since the launch has been a sellout.

More than 387,000 CONtv app installations, with average viewership of
101 minutes per week for active users.

Q2 2015 Financial Highlights

Total revenue increased 24% to a record $7.6 million from $6.1 million
in the first quarter of 2015, and increased 7% from $7.1 million in the
comparable period in 2014. The improvement was primarily driven by an
increase in convention revenue, which totaled $7.4 million or 98% of
total revenue.

Average revenue generated per convention in the second quarter of 2015
increased to $1.1 million from $972,000 (seven events) in the prior
quarter, and decreased from $1.8 million (four events) in the comparable
period in 2014.

Gross margin in the second quarter of 2015 was $738,000, a decrease from
$2.8 million in the comparable period in 2014. The decrease was due to
higher advertising and marketing expenses associated with increasing
brand awareness in certain markets, as well as higher programming costs.
In addition, convention center build-out expenses per event were higher
in order to increase attendance and enhance the Wizard World fan
experience.

Total operating expenses in the second quarter of 2015 were $2.1
million, an increase from $2.0 million in the second quarter of 2014.
The increase was due to additional staffing and employment costs related
to the greater number and size of the conventions in Q2 2015.

Other expenses in the second quarter of 2015 were $467,000 versus a
nominal amount in the comparable period in 2014. The increase was due to
the Company’s investment in its CONtv joint venture with Cinedigm.

Net loss attributable to common stockholders in the second quarter of
2015 totaled $1.8 million or $(0.04) per basic and diluted share,
compared to net income attributable to common stockholders of $760,000
or $0.01 per basic and diluted share in the second quarter of 2014.

At June 30, 2015, the Company had $4.6 million in cash and believes its
liquidity position is adequate to execute its growth plan.

Management Commentary

“Q2 was highlighted by record quarterly revenue and more than a
twenty-percent increase in average-revenue-per-convention over the
previous quarter,” said John Macaluso, CEO of Wizard World. “This was
achieved despite unforeseen celebrity cancellations due to scheduling
conflicts and other unrelated contractual obligations. While we
experienced overwhelming demand for our first Comic Con in China, the
event was not as successful as we anticipated due to extraordinary
circumstances and venue changes. We learned from this experience, and,
in preparation for the next one, will be taking greater control over the
event logistics and day-of execution so that we can better serve the
robust and vibrant pop culture community in China.

“During the quarter we made significant progress toward diversifying our
revenue stream in order to reduce our dependence on any one event or
business segment. This included the introduction of a recurring revenue
model with the rollout of ComicConBox, which launched to sensational
reviews in Q2. In fact, demand far exceeded our expectations and we sold
out our first edition boxes in less than a week. We are now planning to
ramp up the volume of boxes shipped monthly, and anticipate this
recurring, higher margin revenue stream to continue to grow, as the
excitement spreads among our fan base for this fun and engaging product
offering.

“In addition to diversifying our revenue streams, we have also
implemented a number of strategic initiatives to improve profitability.
These range from creating greater operational efficiencies that reduce
headcount and lower fixed costs, to procuring more suitable convention
space for each of our events.

“Looking ahead, we see many opportunities to build upon the Wizard World
brand both domestically and internationally, and are positioned to
benefit from the strong pipeline of superhero movies slated for release
in the next couple of years. We plan to leverage our unique fan
engagement platform, marketing knowledge and logistics expertise to
capitalize on these growth opportunities.”

About Wizard World

Wizard
World, Inc. produces Comic Cons and pop culture conventions across
North America that celebrate the best in pop-fi, pop culture, movies,
television, cosplay, comics, graphic novels, toys, video gaming, sci-fi,
gaming, original art, collectibles, contests and more. A first-class
lineup of topical programming takes place at each event, with celebrity
Q&A's, comics-themed sessions, costume contests, movie screenings,
evening parties and more. Wizard World has also launched CONtv, a
digital media channel in partnership with leading independent content
distributor Cinedigm™ (NASDAQ: CIDM), and ComicConBox™, a premium
subscription-based monthly box service. Fans can interact with Wizard
World on Facebook, Twitter, Pinterest, Instagram and other social media
services.

Forward-Looking Statements

This press release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 that
involve certain risks and uncertainties. The actual results or outcomes
of Wizard World, Inc. may differ materially from those anticipated.
Although Wizard World, Inc. believes that the assumptions underlying the
forward-looking statements contained herein are reasonable, any such
assumptions could prove to be inaccurate. Therefore, Wizard World, Inc.
can provide no assurance that any of the forward-looking statements
contained in this letter will prove to be accurate.

In light of the significant uncertainties and risks inherent in the
forward-looking statements included in this letter, such information
should not be regarded as a representation by Wizard World, Inc. that
its objectives or plans will be achieved. Included in these
uncertainties and risks are, among other things, fluctuations in
operating results, general economic conditions, uncertainty regarding
the results of certain legal proceedings and competition.
Forward-looking statements consist of statements other than a recitation
of historical fact and can be identified by the use of forward-looking
terminology such as "may," "intend," "expect," "will," "anticipate,"
"estimate" or "continue" or the negatives thereof or other variations
thereon or comparable terminology. Because they are forward-looking,
such statements should be evaluated in light of important risk factors
and uncertainties. These risk factors and uncertainties are more fully
described in Wizard World, Inc.'s most recent Annual and Quarterly
Reports filed with the Securities and Exchange Commission, including
under the heading entitled "Risk Factors." Wizard World, Inc. does not
undertake an obligation to update publicly any of its forward-looking
statements, whether as a result of new information, future events or
otherwise, except as required by law.